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it is a counter offer to president obama's plan. g.o.p. lawmakers proposed raising $800 billion in revenue from tax reform, not higher tax rates, but the white house immediately slammed the offer and said it won't even consider it, and tonight speaker boehner responds to the white house response saying it's now up to the president to come up with a plan. congressman allen west joins us. good evening. >> how are you doing? >> greta: very well. the white house is unimpressed by the proposal from the speaker and the white house republicans. >> the white house needs to go back and do case studies whe. you look at presidents cool imagidgeand kennedy, they went % down to 24%. kennedy went from 91% down to 71% and they increased revenue. what we're talking about is not what the president of the united states is looking at with wealth redistribution. we're talking about wealth expansion and economic growth and sound economic policies to do that. if you want to continue to believe that 250,000 dollars makes someone rich, you're going to crush these
it is a counter offer to president obama's plan. g.o.p. lawmakers proposed raising $800 billion in revenue from tax reform, not higher tax rates, but the white house immediately slammed the offer and said it won't even consider it, and tonight speaker boehner responds to the white house response saying it's now up to the president to come up with a plan. congressman allen west joins us. good evening. >> how are you doing? >> greta: very well. the white house is unimpressed by the...
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congress approval rating has been dreadful but scores low marks on ethics and honesty also. new gallop poll finds members of congress come in second to last among professions beating only car salespeople. car salesman took to twitter today to express displeasure with the poll. 10% said they would give congress a high to very high rating. 34% said average. 54% said very low to low. finally when researching the internet be careful when citing wikipedia. judge in england compiled a 2,000-page report on press ethics in which he warned that inaccuracy in newspapers caused significant concern. he claimed the independent was founded in 19786 by three journalists. he apparently got two names right. the third first appeare appearea wikipedia entry a year ago. far from being founder of the paper, the man's name is the same as a self-described beach bum from california whose only edit was on that page. the error was spotted and scrubbed by wikipedia a few weeks ago, but not in time to spare the judge's error. >>> as we told you earlier, president obama is rejecting a counter offer from
congress approval rating has been dreadful but scores low marks on ethics and honesty also. new gallop poll finds members of congress come in second to last among professions beating only car salespeople. car salesman took to twitter today to express displeasure with the poll. 10% said they would give congress a high to very high rating. 34% said average. 54% said very low to low. finally when researching the internet be careful when citing wikipedia. judge in england compiled a 2,000-page...
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it is a bailout we heard president obama talk about capping those interest rates that are going up. they have doubled in many circumstances. they could tax them. they could for give those interest rates all together or they have seen talked about for giving some of these students loans that exist out there today. because 93 percent of all student loans in the last year were issued by the government you are talking about taxpayers ofrnt hook for this. as it goes away we are all paying for it. this is a huge problem in this country nearly a trillion dollars in outstanding student debt right now. 956 billion on the table. >> so what is the solution? >> they certainly -- -- the president has talked about interest rates are a big problem right now. record survey shows more than 50 percent of 18 to 24-year-olds are moving into their parents when they grad kuwauate college. they have capped the interest rates for give them for a certain amount of time or forgive a certain amount of debt or back off at issuing the federal loans patti. let the loans go more private maybe then we won't have c
it is a bailout we heard president obama talk about capping those interest rates that are going up. they have doubled in many circumstances. they could tax them. they could for give those interest rates all together or they have seen talked about for giving some of these students loans that exist out there today. because 93 percent of all student loans in the last year were issued by the government you are talking about taxpayers ofrnt hook for this. as it goes away we are all paying for it....
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of one of the ways to fix the fiscal cliff had to be to put new revenues and raise the tax rates of the wealthiest americans. [ ♪ music ♪ ] >> cenk: so taking this case to the american people fighting strong, making his own case which he we've been asking him to do for four straight years. my reaction was this. >> flabbergasted. [ laughing ] >> cenk: what's your reaction. >> slightly flabbergasted because this is not how the president has worked before. he ran with a grassroots in 2008. we tried to recreate that, talked about the ground game in the campaign in 2012. he's taking a grassroots campaign to politics, which is what progressives have been begging him to do now for a while. it seems to be working. all the hash tags and all the my 2 k has tags has gotten up to 13,000 tweets per hour. not every one of them is, hey great idea, mr. president. a lot of them are coming from people who are conservatives saying whatever it is that they're saying. the point is he's in touch with the people. he's not living in a cocoon like he did in the first term. >> cenk: when they ask how wou
of one of the ways to fix the fiscal cliff had to be to put new revenues and raise the tax rates of the wealthiest americans. [ ♪ music ♪ ] >> cenk: so taking this case to the american people fighting strong, making his own case which he we've been asking him to do for four straight years. my reaction was this. >> flabbergasted. [ laughing ] >> cenk: what's your reaction. >> slightly flabbergasted because this is not how the president has worked before. he ran with a...
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before president obama and his team are demanding that they allow bush era tax cuts for the wealthiest 2% of americans expire. >> there's no way we can govern this country with those low rates in place for future generations. those rates have to go up. >> reporter: but republicans have drawn a line in the sand in raising tax rates. instead, signaling they're open to raising revenue by limiting the tax code. it's a major sticking point. holding up a deal. >> right now, i'd say we're nowhere. >> reporter: president obama is looking for $1.6 trillion in new tax revenue over ten years. speaker boehner is offering half of that. there's $600 billion. the speaker says that's not enough. although he hasn't outlined what he thinks should be cut. if they can't avoid the fiscal cliff, it means on january 1st, every american will pay more income tax, between 2,000 to $2,200 for the average family. $500 billion in automatic spending cuts will go into effect. half of that at the pentagon. the other half coming in transportation, food safety and research. economists feel if washington can't strike a
before president obama and his team are demanding that they allow bush era tax cuts for the wealthiest 2% of americans expire. >> there's no way we can govern this country with those low rates in place for future generations. those rates have to go up. >> reporter: but republicans have drawn a line in the sand in raising tax rates. instead, signaling they're open to raising revenue by limiting the tax code. it's a major sticking point. holding up a deal. >> right now, i'd say...
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, obama-care already taxes the middle class. the majority of the country do not want to be taxed. what they don't know already is everybody is getting a tax increase because of obama-care. people get the government spending too much. they want spending cuts. i will give you this, though. when you start to talk about specific cuts, people say don't cut my entitlement. that's the difficult issue in washington. but democrats have to wake up. martha: when you look at the 2% you are talking about. now it's 2%. when you look at it. who they want to have taxes raids on the white house. it's not a fiscal policy. is that a punishment orifice cal policy? >> i don't think it many a punishment. not in and of itself which is why you have to couple that with three times as much spending cuts. these people have had the best of the best for the last 20 years. when there is a tax bill they get favored. it's time for them to give a little back. andrea says all these people will be hurt. they will be hurt because her party is holding on for a bunc
, obama-care already taxes the middle class. the majority of the country do not want to be taxed. what they don't know already is everybody is getting a tax increase because of obama-care. people get the government spending too much. they want spending cuts. i will give you this, though. when you start to talk about specific cuts, people say don't cut my entitlement. that's the difficult issue in washington. but democrats have to wake up. martha: when you look at the 2% you are talking about....
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go down the tubes in order to stop barack obama last year. it's very clear that most people are going to see them as being the party that's being more obstinate. the truth of the matter is they also because they lost so badly in the election, nobody wants to be seen playing footsie with barack obama under the table which is what they're going to have to do to get this deal done. the republican party is going tond up being blamed which is one of the reasons they will have to compromise more. it's the same thing the democrats did when bush won. you have to compromise with the party that just won. jason johnson, john brabender, thank you thank you both. >>> the new york film critics have made their choices for top films and many times they end up as oscar favorites. all the details next. all the details next. we are gathered here today to celebrate the union of tim and laura. it's amazing how appreciative ople are when you tell them they could save a lot of money on their car insurance by switching to geico...they may even make you their best ma
go down the tubes in order to stop barack obama last year. it's very clear that most people are going to see them as being the party that's being more obstinate. the truth of the matter is they also because they lost so badly in the election, nobody wants to be seen playing footsie with barack obama under the table which is what they're going to have to do to get this deal done. the republican party is going tond up being blamed which is one of the reasons they will have to compromise more....
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with house republicans, demanding and believing tax rates for the wealthy are going up. >> there is no responsible way we can govern the country with those low rates in place for future generations. those rates are going to have to go up. >> i was flabbergasted. i look at him and i said, you can't be serious. >> reporter: the two sides are seriously far apart. the president wants $1.6 billion in new tax revenue over ten years. the speaker wants half that. the president wants spending cuts, $600 billion. to medicare and other programs. not enough, says the speaker. >> if we gave the president 1.6 trillion of more money, what do you think he is going to do with it? he is going to spend it. that is what washington does. >> they have to come to us and tell us what they need. what we can't do is to keep guessing. >> so the ball is in their court? >> absolutely. and they understand that. >> reporter: the good news, it appears the mortgage reduction is not part of the talks. so if they don't make a deal and if we do go over the fiscal cliff what does it mean for you. nearly everybody ameri
with house republicans, demanding and believing tax rates for the wealthy are going up. >> there is no responsible way we can govern the country with those low rates in place for future generations. those rates are going to have to go up. >> i was flabbergasted. i look at him and i said, you can't be serious. >> reporter: the two sides are seriously far apart. the president wants $1.6 billion in new tax revenue over ten years. the speaker wants half that. the president wants...
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the white house demanding higher tax rates for the top two tax brackets and republicans refusing. after refusing the proposal last week, house republicans offered an outline for $2.2 trillion in deficit reduction mostly through spending cuts, and while president obama would not answer questions about the counterproposal -- >> no deal better than a bad deal, sir? >> thank you. >> reporter: -- a senior white house official assailed it as a step backwards saying if republicans do not agree to some higher rates for wealthier taxpayers, the nation will go over the cliff and the american people will hold the republicans responsible. wall street remains optimistic a deal will be struck, so the lack of progress has not yet resulted in a market plunge, but some economists estimate that because of the uncertainty posed by the fiscal cliff, at least 200,000 fewer jobs have been created this year. and, diane, the official deadline for the fiscal cliff is december 31st at midnight when the ball drops in times square, but there's actually another deadline. the house of representatives is schedu
the white house demanding higher tax rates for the top two tax brackets and republicans refusing. after refusing the proposal last week, house republicans offered an outline for $2.2 trillion in deficit reduction mostly through spending cuts, and while president obama would not answer questions about the counterproposal -- >> no deal better than a bad deal, sir? >> thank you. >> reporter: -- a senior white house official assailed it as a step backwards saying if republicans do...
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one person asked, why won't keeping tax rates low across the board encourage more hires and therefore, more tax revenue? the president responded, high-end tax cuts do the least for economic growth and cost almost $ 1 trillion. extending middle class cuts boosts consumer demand and growth. the white house released a video today showing how president obama has been consistent on his message throughout the last couple of years. it was central to his campaign. >> we need to give tax relief to working families trying to raise their kids to keep them healthy, send them to college, keep a roof over their heads. that's the choice in this election. that's one of the reasons i'm running for a second term as president. >> how quickly we forget. in the words of secretary timothy geithner, this is why republicans have no choice but accepting the tax increases on the wealthiest americans. >> why does it make sense for the country to force tax increases on all americans because a small group of republicans want to extend for 2% of americans? why does that make any sense. there's no reason why that s
one person asked, why won't keeping tax rates low across the board encourage more hires and therefore, more tax revenue? the president responded, high-end tax cuts do the least for economic growth and cost almost $ 1 trillion. extending middle class cuts boosts consumer demand and growth. the white house released a video today showing how president obama has been consistent on his message throughout the last couple of years. it was central to his campaign. >> we need to give tax relief to...
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now, president obama wants higher revenues and higher tax rates but you know it often doesn't work out that way. in fact from kennedy to reagan to clinton to w. bush lower tax rates frequently increased tax revenues, particularly at the upper end of the income stream. so here now to discuss this we have cnbc contributor keith boykin a former clinton white house aide and forbes media chairman steve forbes author of freedom manifesto, why free markets are moral and big government is not. love that. hey steve and keith. keith boykin i'll give you a little supply side. you'll hate this. this couples from the irs. the irs is going to use the bush cut, the dreaded bush tax cuts. the richest 1% paid $84 billion inflation adjusted dollars more between 2000 and 2007. that's a rise of 23%. in other words, their tax rates went down. and their tax revenues went up. now, isn't mr. obama making a mistake? >> well, the rich are paying more in taxes because the rich are disproportionately receiving most of the income in this country. the reality, larry, is that in my lifetime we've actually only raise
now, president obama wants higher revenues and higher tax rates but you know it often doesn't work out that way. in fact from kennedy to reagan to clinton to w. bush lower tax rates frequently increased tax revenues, particularly at the upper end of the income stream. so here now to discuss this we have cnbc contributor keith boykin a former clinton white house aide and forbes media chairman steve forbes author of freedom manifesto, why free markets are moral and big government is not. love...
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the week after the election, president obama was asked do you have to have the higher rates or could we have deductions and credits and he said he was open to negotiations. three weeks later, after thanksgiving, he shows up and all of a sudden there's a line in the sand on rates that had come out of nowhere, so the president seems to be moving the goal posts in a deliberate effort, i don't know, to extract something, to push people over the fiscal cliff. something's going on and it's not clear because he's not where he used to be. he's quadrupled the amount of taxes he demands. he now has to have rates instead of just numbers. it's going to be interesting what he is doing but it appears he's not trying to come to any agreement. his position is one that the senate, the democratic senate, has rejected in the past. >> robert reish, 60% of americans according to a new abc news/"the washington post" poll believes they should raise taxes on those over $250,000 a year. presumably president obama has seen these polls. so if there is a fiscal cliff and we go over it, the american public are l
the week after the election, president obama was asked do you have to have the higher rates or could we have deductions and credits and he said he was open to negotiations. three weeks later, after thanksgiving, he shows up and all of a sudden there's a line in the sand on rates that had come out of nowhere, so the president seems to be moving the goal posts in a deliberate effort, i don't know, to extract something, to push people over the fiscal cliff. something's going on and it's not clear...
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both democrats and republicans are willing to close and it's possible that we may be able to lower rates by broadening the base at that point. >> want to get to stephanie cutter former deputy campaign manager for obama 2012. stephanie, nice to have you with us this morning. appreciate your time as always. you're the -- >> thanks for having me. >> that was your old job. the former campaign manager. feels like the campaign is not over. the president has been on the road selling, you know, campaigning on this topic. on monday he didn't have any meetings about the fiscal cliff. on tuesday he was talking to the governors of six states. today, wednesday, he'll be addressing the business roundtable. there are some folks who have said why is he having all these meetings and not just sitting down with john boehner. the two need to get in a room and work this out. why not that? >> well, there are plenty of conversations going on, but soledad, we've been in this place before. unless republicans are willing to come to the table wait real proposal, not what they came to the table with this week, then
both democrats and republicans are willing to close and it's possible that we may be able to lower rates by broadening the base at that point. >> want to get to stephanie cutter former deputy campaign manager for obama 2012. stephanie, nice to have you with us this morning. appreciate your time as always. you're the -- >> thanks for having me. >> that was your old job. the former campaign manager. feels like the campaign is not over. the president has been on the road selling,...
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and what the obama administration has made very clear is it's got to be tax rate. well, the republicans are saying, doesn't have to be the tax rate. you can come up with other money closing loopholes and deductions and stuff like that. so right now it's just a dance, somebody's got -- the republicans have to come up with a formal offer. >> gretchen: i was going to say, they don't have a plan. >> steve: we've heard the president's plan. it's crazy, according to the republicans. now it's time for the republicans to come out with a plan and then have the democrats say, no, that's crazy. >> gretchen: one thing is for sure, nobody is going to get everything that they want. that's just the way it is, i think, in this very difficult situation. both sides are going to have to compromise. >> brian: i think the rolling stones sang about satisfaction and you can't always get it. >> steve: you can't get no. >> brian: we'll go over that and maybe sing it. costco is a company in which the president always leans on the ceo, the guy in charge, to show that he's in touch with ameri
and what the obama administration has made very clear is it's got to be tax rate. well, the republicans are saying, doesn't have to be the tax rate. you can come up with other money closing loopholes and deductions and stuff like that. so right now it's just a dance, somebody's got -- the republicans have to come up with a formal offer. >> gretchen: i was going to say, they don't have a plan. >> steve: we've heard the president's plan. it's crazy, according to the republicans. now...
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. >> are you saying, then, for pr purposes, that they should give in to obama on the tax rate? >> not exactly. well, yeah, i guess i am, but -- >> you're saying capitulate to obama, who -- we don't have a revenue problem, ann. >> we lost the election, sean. >>> meanwhile, the house of representatives passed legislation yesterday removing the word lunatic from all federal laws. it's the latest move by congress to remove language seen as demeaning or out of date, like lunatic. >>> and in australia, prime minister julia gillard talked about the supposed prediction by the mayan calendar that the end of the world is coming in two weeks. well, she did it for a comedy video for a radio show. >> i'm confident in the prediction that the world is about to end. whether the final blow comes from flesh-eating zombies, demonic hill beasts or from the total triumph of cable, if you know one thing about me, it is this, i will always fight for you to the very end. and at least this means i won't have to do q&a again. good luck to you all. >> the dead-pan delivery, always important in comedy. th
. >> are you saying, then, for pr purposes, that they should give in to obama on the tax rate? >> not exactly. well, yeah, i guess i am, but -- >> you're saying capitulate to obama, who -- we don't have a revenue problem, ann. >> we lost the election, sean. >>> meanwhile, the house of representatives passed legislation yesterday removing the word lunatic from all federal laws. it's the latest move by congress to remove language seen as demeaning or out of date,...
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rates have to go up. earlier in the presidency, obama warneded it could hurt the economy. >> the nation is no longer in recession. and american manufacturing contracted in november for the first time in three months. the president is concerned enough that he proposed tens of billions in new stimulus spending in the debt talks. >> what is the justification for raising taxes? >> the fact of the matter is that it's vitally important that we extent and the president's view make permanent tax cuts for 98% of the american people. >> the president would like to see it done tomorrow and would sign it right away. >> they will put for ending deduction and closing loopholes. >> republicans move a great deal. who was the first person after the election was the speaker who went down and provided the re-knew. >> they blasted the proposal to limit deductions to tell bloomberg television it's unrealistic. >> that means every hospital and university and non-for profit, the agency. across the country would find themselves
rates have to go up. earlier in the presidency, obama warneded it could hurt the economy. >> the nation is no longer in recession. and american manufacturing contracted in november for the first time in three months. the president is concerned enough that he proposed tens of billions in new stimulus spending in the debt talks. >> what is the justification for raising taxes? >> the fact of the matter is that it's vitally important that we extent and the president's view make...
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on changing tax rates and spending reductions but the negotiations are moving very, very slowly. susan mcginnis is in washington with the latest. susan, good morning to you. >> reporter: good morning. the president is sending his top two negotiators to talk with lawmakers today about possible spending cuts. he's also getting ready to take his fiscal cliff message on the road. he'll try to convince the american people the best way to avoid the fiscal cliff is to extend the bush era tax cuts for the middle class. >> it's too important for washington to screw this up. >> reporter: president obama is putting pressure on congressional republicans and he's enlisting middle class americans in getting the gop to take action on taxes. >> when the american people speak loudly enough, lo and behold congress listens. >> reporter: tomorrow he'll host a campaign style event where he calls on lawmakers to extend the tax rates on families making less than $250,000 a year. once that's done they can work on other details such as spending cuts and changes to the tax code, medicare and medicaid. >>
on changing tax rates and spending reductions but the negotiations are moving very, very slowly. susan mcginnis is in washington with the latest. susan, good morning to you. >> reporter: good morning. the president is sending his top two negotiators to talk with lawmakers today about possible spending cuts. he's also getting ready to take his fiscal cliff message on the road. he'll try to convince the american people the best way to avoid the fiscal cliff is to extend the bush era tax...
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president obama said today there is a time and a place to discuss reforming the tax code. but that time is not now. >> what i've suggested is let's put a down payment on taxes, let's let tax rates on the upper income folks go up. let's let those go up. and then let's set up a process with a time certain at the end of 2013 or the fall of 2013 where we work on tax reform. we look at what loopholes and deductions both democrats and republicans are willing to close. and it is possible that we may be able to lower rates by broadening the base at that point. >> joining me here in washington are congressman tim walls, democrat from minnesota, and karen finney, the former dnc director and msnbc analyst. you introduced today in the house a discharge petition which is a way for normally the minority to try to get, to force a vote on something that the leadership doesn't want. this petition would basically bring to a vote in the house the bill that the senate passed, which is basically the president's version of the tax structure that he would like to see. what's happening with the d
president obama said today there is a time and a place to discuss reforming the tax code. but that time is not now. >> what i've suggested is let's put a down payment on taxes, let's let tax rates on the upper income folks go up. let's let those go up. and then let's set up a process with a time certain at the end of 2013 or the fall of 2013 where we work on tax reform. we look at what loopholes and deductions both democrats and republicans are willing to close. and it is possible that we...
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obama's opening bid includes $1.6 trillion in new revenue, about half coming from higher rates for the wealthy. 600 billion in cuts to domestic programs like medicare. and 50 billion in new infrastructure spending. when treasury secretary tim geithner went to the capitol and laid out the plan for a senate republican leading mitch mcconnell, aides on both sides said mcconnell burst out in laughter. with talks now entering the final month, house republicans offer add more somber assessment. >> we're not interested in playing rope a dope. >> it was not a serious proposal. and so right now we're almost nowhere. >> reporter: so alex the clock is ticking. the president's public campaign trying to pressure john boehner, eric cantor and their charges in their house republican conference continues. he meets with governors this week here at the white house to talk about this time and more meetings with ceos, this is in the form of the business round table, a business lobbying group. >> being almost nowhere right now with just a month to go. yikes. we'll be talking about it again, mike. thank you
obama's opening bid includes $1.6 trillion in new revenue, about half coming from higher rates for the wealthy. 600 billion in cuts to domestic programs like medicare. and 50 billion in new infrastructure spending. when treasury secretary tim geithner went to the capitol and laid out the plan for a senate republican leading mitch mcconnell, aides on both sides said mcconnell burst out in laughter. with talks now entering the final month, house republicans offer add more somber assessment....
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a bold counter offer to president obama on the fiscal clef. the new plan contains 800 billion in new taxes, half of what the president was looking for. more importantly, the gop plan keep tax rates the way they are now. we know that is a deal maker for the tie-breaker for the presidents. joining me now, the man some democrats blame for the fiscal cliff impasse, grover norquist, president of americans for tax reform. and the many and as a finger to about fixing it, michael reagan, founder of the reagan group. i want to start with the republicans plan that they put on the table. they have been accused of doing nothing and all. they come up with their own plan which includes 800 billion in revenue from closing loopholes and eliminating deductions and then 1 billion in spending cuts. it is being rejected from the get go by democrats. grover, what do you say? >> i think the republicans had a very good plan called lorraine budget. they all voted for it in the house. it saves $6 trillion over the same decade, and they did not raise taxes and all. i r
a bold counter offer to president obama on the fiscal clef. the new plan contains 800 billion in new taxes, half of what the president was looking for. more importantly, the gop plan keep tax rates the way they are now. we know that is a deal maker for the tie-breaker for the presidents. joining me now, the man some democrats blame for the fiscal cliff impasse, grover norquist, president of americans for tax reform. and the many and as a finger to about fixing it, michael reagan, founder of the...
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this is why president obama extend the tax rates for a year action because he said this could hurt the economy. here we are again. we're not anywhere different than we were last year really. >> gregg: donna, dick durbin, the senate's number two democrat, said that social security is off the table because i'm going to quote him here -- it does not add a penny to our deficit. that's ludicrus. >> i think that i'm unable to comment because i think the context may have something to do with the sense of lock box and where this money actually comes from and where it sits in the meanwhile before it gets spent. but i also think it's awfully important to remember that in terms of republican cooperation, the president really has been i think very sincere about seeking that cooperation and initially speaker boehner i think expressed with great sincerity his interest in cooperation. i dare say that there has been a lot of biplay among both the senators and the house members on what that cooperation is going to look like. but i do think it's awfully important that we not come out of this process and
this is why president obama extend the tax rates for a year action because he said this could hurt the economy. here we are again. we're not anywhere different than we were last year really. >> gregg: donna, dick durbin, the senate's number two democrat, said that social security is off the table because i'm going to quote him here -- it does not add a penny to our deficit. that's ludicrus. >> i think that i'm unable to comment because i think the context may have something to do...
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the problem with obama's proposals is he wants more. this idea that raising tax rates does not hurt the economy because, you can go ahead and spoke three packs of cigarettes a day for the rest of your life because i know somebody who did that and he did not get cancer. stuart: okay. that was very good. [ laughter ] now, i know why you have not been on the show very often. i am at a loss for words when you are done. stephen moore, i do hope you come back and see us soon. >> thank you, sir. stuart: here is an example of what i call tax hypocrisy. costco founder going to save because of the dividend payment this year. not next year, this year. the ceo, he is a very big obama supporter. even spoke at the democratic convention. >> a president who understands what the private sector needs to succeed. a president who takes the long view and makes the tough decisions. that is whh i am here tonight supporting president obama. stuart: supports president obama, supports tax the rich, but does not pay the rich taxes. i say tax hypocrisy and i am be
the problem with obama's proposals is he wants more. this idea that raising tax rates does not hurt the economy because, you can go ahead and spoke three packs of cigarettes a day for the rest of your life because i know somebody who did that and he did not get cancer. stuart: okay. that was very good. [ laughter ] now, i know why you have not been on the show very often. i am at a loss for words when you are done. stephen moore, i do hope you come back and see us soon. >> thank you, sir....
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that would hurt the whole country, of course president obama as well. they have to be careful here as well. but democrats and the president clearly believe that they have the leverage to force an increase in these tax rates on the upper income americans before they agree to a deal. >> we'll all be watching the stock market as well. if that indeed happen. >>> the president is also concentrating on recasting his new cabinet and one name that came up yesterday is a replacement for leon panetta at the defense department. actually a republican, chuck hagel. former senator from nebraska. >> it's possible, but this is a real game of musical chairs right now. the president has to fill at least three big jobs, secretary of state, hillary clinton, defense and cia. and if the president does not choose susan rice that means john kerry goes to state and hagel goes to defense. if he chooses kerry for state then you could end up having hagel go to cia. we just don't know right now. but all of those names are in play as we talk. >> this wouldn't be his first republican
that would hurt the whole country, of course president obama as well. they have to be careful here as well. but democrats and the president clearly believe that they have the leverage to force an increase in these tax rates on the upper income americans before they agree to a deal. >> we'll all be watching the stock market as well. if that indeed happen. >>> the president is also concentrating on recasting his new cabinet and one name that came up yesterday is a replacement for...
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republicans have balked at raising those tax rates. they are identified by marcus at countries job creators. >> for the first time in two decades, they are there will tell revenues go up as part is the plan. but they have to tell us what they're willing to do with revenues. it's definitely very hard for republicans. reporter: earlier you saw the meeting of four congressional leaders on november 16 at the white house. at that time, harry reid spoke of a follow-up session was to be held next week. that never helped happened and the clock ticks on. jenna: we have that clock right on our screen. just in case you forgot. jon: get ready for the baby. just into fox news, prince william and his wife, the former kate middleton, they are expecting. standing in a grocery line, looking at the tabloids, and one of them said she is pregnant. they may be onto something be till they beat the palace on this one. jon: here is the very official reading from the clarence house. it reads that the royal highness the duchess of cameras are very pleased to an
republicans have balked at raising those tax rates. they are identified by marcus at countries job creators. >> for the first time in two decades, they are there will tell revenues go up as part is the plan. but they have to tell us what they're willing to do with revenues. it's definitely very hard for republicans. reporter: earlier you saw the meeting of four congressional leaders on november 16 at the white house. at that time, harry reid spoke of a follow-up session was to be held...
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to a roundtable of corporate executives in washington, president obama said republicans' aid to examine the reality that tax rates will rise for the wealthiest americans. >> we have seen some movement in the last several days with some republicans. there has been a recognition that, maybe, they can accept some rate increases as long as is combined with a serious impediment reform and additional spending cuts. and if we can get the leadership on the republican side to take that kramer, to acknowledge that reality, then the numbers are actually not that far apart. another way of putting this is, we could probably solve this in about one week. it is not that tough. >> new details have been revealed in the retail giant kermit factory where 120 dacre workers died in a fire last month. "the new york times" is reporting that wal-mart played a key role in blocking the improvement of safety features at the bangladeshi factory. one representative helped quash a proposal that would help to improve safety investments, calling them not financially feasible. documents found at the fire scene also sho
to a roundtable of corporate executives in washington, president obama said republicans' aid to examine the reality that tax rates will rise for the wealthiest americans. >> we have seen some movement in the last several days with some republicans. there has been a recognition that, maybe, they can accept some rate increases as long as is combined with a serious impediment reform and additional spending cuts. and if we can get the leadership on the republican side to take that kramer, to...
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president obama continues to insist over and over again any deal must include a tax rate increase on the top 2% of wage earners which republicans just as firmly insist is a nonstarter. today the president is going to continue his public pressure campaign according to the white house, he's meeting with a middle class family in northern virginia to discuss as they put it the importance of extending the tax cut for the middle class. they have not extended it for the wealthy. this kind of public pressure no surprise to you has not set well with republican lawmakers, republican leaders on the hill and so we are still watching this really stare down between the two sides even though we see republican lawmakers and senators coming out and hinting they could accept a tax rate increase if it is part of a p d broader deal but boehner has strong support among his rank and file and the negotiations come down to speaker boehner and president obama. we wait, watch and listen to see if there are hints of progress. none so far. >> kate bolduan reporting live from washington. >>> in washington state,
president obama continues to insist over and over again any deal must include a tax rate increase on the top 2% of wage earners which republicans just as firmly insist is a nonstarter. today the president is going to continue his public pressure campaign according to the white house, he's meeting with a middle class family in northern virginia to discuss as they put it the importance of extending the tax cut for the middle class. they have not extended it for the wealthy. this kind of public...
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president obama visited a virginia family to move his cause. he maintained his hard line on tax increase. >> just to be clear i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%. but i do remain optimistic that we can get something done. >> congress and the president have until the end the year to avert automatic spending cuts and tax increase. take a quick break. when we come back on the morning news a preview of this morning's jobs report. what role did sandy play in last month's hiring. this is the morning news. port. what role did sandy play in hiring? ♪ [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands around for the holidays. because it's nice to have an extra
president obama visited a virginia family to move his cause. he maintained his hard line on tax increase. >> just to be clear i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%. but i do remain optimistic that we can get something done. >> congress and the president have until the end the year to avert automatic spending cuts and tax increase. take a quick break. when we come back on the morning news a preview of this...
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voting overwhelmingly for president obama. california had like 20 points for the obama team. why not ask for the help? we help you, now you help us. it is implicit in the election. megyn: detroit has a jobless rate of 18.9% in october. can you imagine that? the population has plunged by 25% over the last decade. 30,000 homes stand vacant in that city. even if we wanted to bail them out, could you even put a price tag on our? >> no, you could not. they have no money left. they are right on the edge of bankruptcy. megyn: this is a long time coming. this isn't necessarily caused by the wall street meltdown. >> in 1964, it was the most important manufacturing sector in the world. it has been downhill since then. a bailout actually wouldn't really help them. they may be kicking the can for six months, but it essentially doesn't help. megyn: the notion that someone else needs to fix the problem -- somebody other than us needs to fix the problem. the city council of detroit, which is what they have been elected to do. we took a look at a video that was put out by the illinois govern
voting overwhelmingly for president obama. california had like 20 points for the obama team. why not ask for the help? we help you, now you help us. it is implicit in the election. megyn: detroit has a jobless rate of 18.9% in october. can you imagine that? the population has plunged by 25% over the last decade. 30,000 homes stand vacant in that city. even if we wanted to bail them out, could you even put a price tag on our? >> no, you could not. they have no money left. they are right on...
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i think there are some compromise points, for example, raise the top rate almost to where obama wants it and fill it in a little bit with some reduction in deductions. that's not impossible to imagine. but i think the notion that the republicans don't have to put anything on the table, i think those days are over and it's time for them to say all right here's what we want. >> can't come as any surprise to the republicans no matter what they want to say about it the president wants to raise taxes and determined to raise taxes on the rich. it's one thing during the campaign he was specific and consistent on. it seems to me like they are even more upset about what they see his like of specificity on entitlements. let's play what we heard from his chief negotiator, tim geithner yesterday. >> we can't figure out what they need. they have to tell us. then we have to take a look at it and see if it makes sense for the american public. >> when will we see people putting something on the table or is that not going to happen until like the 30th, 31st of the month? >> well, what i would say is i
i think there are some compromise points, for example, raise the top rate almost to where obama wants it and fill it in a little bit with some reduction in deductions. that's not impossible to imagine. but i think the notion that the republicans don't have to put anything on the table, i think those days are over and it's time for them to say all right here's what we want. >> can't come as any surprise to the republicans no matter what they want to say about it the president wants to...
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they're arguing over rates or deductions, which makes no sense. i mean, it's like you want to go on a trip. we decide we're going on a trip together. we're going to argue about whether we're taking a bus or a train. just figure out how much money you want from revenue, figure out who you're going to get it from, figure out how you're going to protect people, then figure out the formulas. >> and the white house wants the money to come from a specific place. he doesn't necessarily want $1.6 trillion clean. he wants it to come from higher tax rates. >> and i think it's fine say where you want to get the $1.6 trillion or $800 billion from. you ought to just call -- i want to get it from people who make more than $250,000 as opposed to trying to lock people into a formula. what you really need is money. >> you put it so simply, as if it's easy. i guess it is. i don't know why they're having such a difficult time with that. let me get your take on what senator jim demint said. he said house speaker john boehner's plan, which of course is raising $800 bi
they're arguing over rates or deductions, which makes no sense. i mean, it's like you want to go on a trip. we decide we're going on a trip together. we're going to argue about whether we're taking a bus or a train. just figure out how much money you want from revenue, figure out who you're going to get it from, figure out how you're going to protect people, then figure out the formulas. >> and the white house wants the money to come from a specific place. he doesn't necessarily want $1.6...
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it's not fair when you have the wealthiest among us paying a lower effective tax rate. megyn: is the media -- the media has been focused on the tax hikes and whether president obama is going to get them and not focused on spending cuts. is that because the republicans and the president agree the middle class needs those tax cuts and should get them. the only thing they disagree on is whether the rich should also have tax cuts given to them. the left is say we agreet middle class should get the tax cuts. so let's give them to them. >> you are comment is largely right. the republicans have gone along in a bipartisan manner with the idea there has to be revenue. the speaker has put forward a framework in which he agrees there should be $800 billion of revenue on the table. the problem is -- that's only 1/10 of the problem even if you use the cbo's number. if you raise the taxes on the top 2% you get $90 billion with the most generous estimates of added revenue. the deficit is $1.9 trillion. megyn: mark, the point that i'm trying to get to, is there some arrogance or bias,
it's not fair when you have the wealthiest among us paying a lower effective tax rate. megyn: is the media -- the media has been focused on the tax hikes and whether president obama is going to get them and not focused on spending cuts. is that because the republicans and the president agree the middle class needs those tax cuts and should get them. the only thing they disagree on is whether the rich should also have tax cuts given to them. the left is say we agreet middle class should get the...
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and yesterday president obama met with a virginia family. tax hikes for the rich are nonnegotiable. >> just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is for families like this one. >> joining me now is barry, msnbc political contributor and editor for grio. hello, guys. >> perry, i'm wondering if these new unemployment numbers add to the president's leverage? >> i think they do. the big thing is the election. but the jobs numbers suggest that the economy is doing well and it cuts against the republican argument that raising taxes on the rich with would hurt the economy and the economy is fragile. the numbers though that the economy is not fragile and that would improve the economy's leverage. he's still doing so many public events. he is trying to use that public pressure to sort of force the republicans to cut a deal. >> doing this public stuff but at the same time having these private talks with the
and yesterday president obama met with a virginia family. tax hikes for the rich are nonnegotiable. >> just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is for families like this one. >> joining me now is barry, msnbc political contributor and editor for grio. hello, guys. >> perry, i'm wondering if these new unemployment numbers add to the...
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as luke said, not giving in on the issue of raising tax rates. they hold out this promise of tax reforms with loopholes and deductions. i don't know exactly how they arrive at that. it strikes me when you think back to 2010 when obama went along with extending the bush tax cuts for two more years. he was adamant back then, this is it and i'm doing it for two more years and i'm going to run for re-election and make them go away for rich americans. that's not acceptable to the white house, $800 billion from so-called tax reform. >> well, steve, i mean, you put it sole well i don't know how to improve on that. that's my first reaction, is that the absence of any l giving any ground on the rates mean we haven't moved that far here. i think that that's the key sticking point here. you know, as a matter of -- a lot of what's happening here is a duel in public opinion and the media, who looks like they're reaching out and who gets blamed if things get ugly. i think the republicans are trying to put a veneer of specificity to look like they're -- i think
as luke said, not giving in on the issue of raising tax rates. they hold out this promise of tax reforms with loopholes and deductions. i don't know exactly how they arrive at that. it strikes me when you think back to 2010 when obama went along with extending the bush tax cuts for two more years. he was adamant back then, this is it and i'm doing it for two more years and i'm going to run for re-election and make them go away for rich americans. that's not acceptable to the white house, $800...
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president obama held on to the top spot for a second year. the pope climbed two notches from last year. he is in fifth place. facebook's ceo mark zuckerburg went to number 25. former president clinton held on to number 50. and tonight be sure to watch brian williams sit down with tim cook. by the way, he's number 35 on the forbes list. >> finally, no, this is no joke. pizza hut in canada sent more than 100 bottles of pizza cented perfume to facebook fans. the fragrance boasts freshly baked hand tossed dough. >>> some optimistic news in the fight against breast cancer. women who took the common estrogen blocking drug tamoxofin cut the chance of getting breast cancer in half. >>> coming up, corey booker lives on food stamps. the nfl steps in with a million dollars for jovan belcher's orphan daughter and high resolution images of your planet earth from space. the new technology uses filtering techniques that allows the images such as city lights, gas flares, auroras, wildfires and reflecting moonlight to be seen by the naked eye. ♪ i'd like to
president obama held on to the top spot for a second year. the pope climbed two notches from last year. he is in fifth place. facebook's ceo mark zuckerburg went to number 25. former president clinton held on to number 50. and tonight be sure to watch brian williams sit down with tim cook. by the way, he's number 35 on the forbes list. >> finally, no, this is no joke. pizza hut in canada sent more than 100 bottles of pizza cented perfume to facebook fans. the fragrance boasts freshly...
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joining us now, washington bureau chief, jerry, looks like obama's going for a two-fer, raising rates on the rich and cap deductions on the rich get them going both ways. >> opening position phase here. the problem, i think, is neither side really is moving fast enough to prevent the partisans on both wings to dig in now. i think the danger is closer to the deadline, you can't get people to pull up the stakes, move in, and support a deal. there's a compromise to be done, and i think that resolves some of the issues in the middle. i think the problem is going to be if you get a compromise at the top, will the troops below to support the compromise still be there? >> while people think there's a full month, you worry we have until december 15th? >> good point. i'm not sure if it's december 15th, but if you want a bill done by the end of the year, it takes a couple weeks to get it done, christmas in the middle, obviously, i think the deadline in practical yesterday, he said there's no way they can compromise unless republicans raise rates on the wealthiest americans. do you think that's
joining us now, washington bureau chief, jerry, looks like obama's going for a two-fer, raising rates on the rich and cap deductions on the rich get them going both ways. >> opening position phase here. the problem, i think, is neither side really is moving fast enough to prevent the partisans on both wings to dig in now. i think the danger is closer to the deadline, you can't get people to pull up the stakes, move in, and support a deal. there's a compromise to be done, and i think that...
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[ male announcer ] priority mail flat rate boxes. online pricing starts at $5.15. >>> i'm bret baier in washington. big story here, stern warning from president obama, to syria leaders. they confirm to fox that syria is moving chemical weapons and maybe mixing those chemical weapons. the president said tonight the u.s. -- the use of any of the weapons would be a tragic mistake and trigger unspecified consequences. we'll talk about that with the all-star panel. also tonight, the white house rejecting a republican counter offer that president obama initial plan to get the country off the fiscal cliff. we have details of what house speaker john boehner calls a bold offer. what if we jump off the cliff? we talk about the budget cliff with the ranking member vis van hollen. egypt constitutional crisis goes on. judges from the highest court say they are afraid to do the jobs. "special report" from washington with breaking news from the middle east starts at 6:00 eastern. now back to new york and my colleagues with "the five." ♪ ♪ >> gr
[ male announcer ] priority mail flat rate boxes. online pricing starts at $5.15. >>> i'm bret baier in washington. big story here, stern warning from president obama, to syria leaders. they confirm to fox that syria is moving chemical weapons and maybe mixing those chemical weapons. the president said tonight the u.s. -- the use of any of the weapons would be a tragic mistake and trigger unspecified consequences. we'll talk about that with the all-star panel. also tonight, the white...
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the obama proposal is raise that rate to 39.6% where it was during the clinton administration. what else is in this new gop proposal? >> reporter: let's show you some of the savings when it comes to government spending. first of all, they put about $600 billion in what the republicans are calling health savings. we understand -- we don't have details. we understand much of that comes from medicare, things that we've heard from republicans over and over like raising the eligibility age, means testing, things like that. so then we have about $600 billion in essentially spending cuts, half from mandatory spending, half from discretionary spending. this is the other very interesting thing that's new. $200 billion from revising the consumer price index. that sounds very technical. but it has very real world consequences because it very much could affect the money, the checks that social security recipients in particular get every single month because it effectively changes inflation so it changes the formula from what they would get. >> significant differences between the white hous
the obama proposal is raise that rate to 39.6% where it was during the clinton administration. what else is in this new gop proposal? >> reporter: let's show you some of the savings when it comes to government spending. first of all, they put about $600 billion in what the republicans are calling health savings. we understand -- we don't have details. we understand much of that comes from medicare, things that we've heard from republicans over and over like raising the eligibility age,...
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obama wants to raise taxes on the wealthy. obama wants to eliminate deductions and close loopholes plus cut spending for entitlement programs. the president has said there can't be tax cuts for the rich at the expense of the domestic program which is frustrating for some republicans. >> this president, i think the president with president obama he's a small minded president in big times. he is talking about 35 verses 39.6 for people who make over a million dollars. that doesn't get us out of debt. >> both sides will be taking their plan to the public this week they will meet with governors for state business he's meeting with the governors today. john boehner will be with governors plus conduct rallies with small business owners. we don't know if these two sides are going to reach an agreement any time soon and the fiscal cliff is past approaching. >> thank you very much. we are going to keep with the fiscal cliff and take a look at who is talking. charles krauthammer weighing in on the negotiations. the approach on the presid
obama wants to raise taxes on the wealthy. obama wants to eliminate deductions and close loopholes plus cut spending for entitlement programs. the president has said there can't be tax cuts for the rich at the expense of the domestic program which is frustrating for some republicans. >> this president, i think the president with president obama he's a small minded president in big times. he is talking about 35 verses 39.6 for people who make over a million dollars. that doesn't get us out...
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but he also again insisted there would be no deal unless tax rates went up on the wealthy. >> the closer it gets to the brink, the more stressed we're going to be. >> woodruff: president obama made the short trip to northern virginia today to underline his plan to avert the fiscal cliff. at the home of what the white house called a typical middle class family, mr. obama said he's optimistic that agreement can be reached, but again drew a hard line for republicans in congress. >> everybody's is going to have to share in some sacrifice. but it starts with folks who are in the best position to sacrifice. who are in the best position to step up . just to be clear i'm not going to sign any package that somehow prevents the top rate from going up, the top 2% from going up. >> woodruff: the president phoned house speaker john boehner yesterday, their first direct talk in almost a week. but today white house spokesman jay carney wouldn't share details of the call. >> we believe it's in the interest of achieving an agreement not to do that. >> reporter: treasury secretary timothy geithner said ye
but he also again insisted there would be no deal unless tax rates went up on the wealthy. >> the closer it gets to the brink, the more stressed we're going to be. >> woodruff: president obama made the short trip to northern virginia today to underline his plan to avert the fiscal cliff. at the home of what the white house called a typical middle class family, mr. obama said he's optimistic that agreement can be reached, but again drew a hard line for republicans in congress....
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president obama held onto the top spot for the second straight year. the pope climbed two notches from last year and landed in fifth place. facebook ceo mark zuckerberg tumbled from the top ten all the way to number 25. former president bill clinton held on to last year's ranking at number 50. tonight on rock center watch brian williams sit down with apple ceo, tim cook, number 35 on the forbes list by the way. >>> finally, this is no joke. though it began as one on facebook, pizza hut in canada has sent more than 100 bottles of pizza scented perfume to facebook fans. the fragrance boasts top notes of freshly baked hand tossed dough. pepper reason ri? >> new york mayor cory booker lives on food stamps. >>> the nfl steps up with $1 million for jovan belcher's daughter. >>> high res images from space. it allows images of city lights, gas flares, aur rar ras, to be seen by the naked eye. >>> stories making news across america on this thursday. in washington state, a 35 year relationship was officially legitimized. as the clock struck 12:00 out west, they
president obama held onto the top spot for the second straight year. the pope climbed two notches from last year and landed in fifth place. facebook ceo mark zuckerberg tumbled from the top ten all the way to number 25. former president bill clinton held on to last year's ranking at number 50. tonight on rock center watch brian williams sit down with apple ceo, tim cook, number 35 on the forbes list by the way. >>> finally, this is no joke. though it began as one on facebook, pizza hut...
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. >> when president obama was re-elected it was the heist unemployment rate since franklin dell another roosevelt. high unemployment isn't the only reason it is like 1937. joining us now to explain why is amity slave she is the director of the bush institute for 4 percent growth project author of the fourth coming book on coolidge. i can't wait to read that. 1937 looking a lot like 2013. how so? you broke it down by 4 different points. number one you say preelection spending that sets records. explain why this is one of the major problems? >> you call 1936 was an election year like this year. they spent a lot. they spent a record amount. 1936 interestingly was the first year in peace time that the federal government was bigger than the states. america the states and towns used to be the big government and the federal government was a pygmy. that changed in 36. roosevelt campaigning made that great. this past year we spent a record share of the economy as well. that's the first one. >> number two off the list is the cold water afterward after the election? >> it is appropriate. it's the
. >> when president obama was re-elected it was the heist unemployment rate since franklin dell another roosevelt. high unemployment isn't the only reason it is like 1937. joining us now to explain why is amity slave she is the director of the bush institute for 4 percent growth project author of the fourth coming book on coolidge. i can't wait to read that. 1937 looking a lot like 2013. how so? you broke it down by 4 different points. number one you say preelection spending that sets...